Thread by @LeslieRadial

@paulkrugman 1/ See, the TX market wasn't designed for reliable cost-effective power. It's a cynical construct designed to minimize costs, maximize profits at all times for oil/gas/elec & shift all possible risk to consumers.

@paulkrugman 2/ Nothing about it is 'competitive.' There is one grid, and the elec trans/dist guys have no competition in their assigned regions. All it did was create "energy marketers" who try to lure unwary consumers with constantly tweaked Byzantine pricing plans that require...

@paulkrugman 3/ ...a spreadsheet (!) to understand. THAT enabled the growth of cos like EnergyOgre that charge you % of savings to find cheapest plan. So we have among the highest rates in the US AND we have to pay for help figuring out how not to get maximally screwed by our utility cos.

@paulkrugman 4/ If u think people who picked variable/wholesale plans like Griddy s/h known better, here's my engineer friend's description of how he manages his Griddy plan. PS He's got $ and know-how and loves analysis of numbers. Could YOU do all this on your own?

@paulkrugman 5/ #TexasFreeze #TexasBlackout /end.

@paulkrugman TL;DR: In Texas,
Regulation=protects consumers from risks they CAN'T control=BAD☹️
Deregulation=protects oil/gas/elec from risks they CAN control=GOOD😀
Plus BONUS points🥳for OTT profiteering & inscrutable consumer energy plans that actually SHIFT risk to regular folks.